# BREAKING: NAGA Group Reports First Profitable Half-Year After Nine-Year Struggle
The NAGA Group AG has posted its first-ever profitable first half in company history for H1 2026, marking a dramatic turnaround for the German fintech after nearly a decade of losses. The preliminary August 2026 results come after years of turbulence including a stock price collapse, accounting restatements, and tens of millions in balance-sheet impairments since its 2017 IPO and subsequent $50 million crypto ICO.
Founded in 2015 as a social trading platform rivaling Israel’s eToro, NAGA attracted backing from China’s Fosun Group and Deutsche Börse but struggled to achieve profitability despite its ambitious “everything financial” vision. The company maintains full-year 2026 guidance projecting revenues between €68-75 million and EBITDA of €10-15 million.
CEO Octavian Patrascu credits strategic repositioning for the breakthrough, stating the company has “materially improved the profitability of our business model.”
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FXnCO Insight
** European retail brokers should monitor whether NAGA’s profitability proves sustainable through Q3-Q4 2026, as successful execution could signal renewed viability for social trading platforms and potential competitive pressure on established players.
Source: Finance Magnates